Hi all - we pay fortnightly with and upcoming pay run due on 3rd July. My manager wants me to date the payslips 30th Jun but pay as normal - tax tables and new legislation will apply by then and i believe this pay will not form part of 22/23 fin year so why would i pre date it ?
Hi lyndelstruct
With payroll, everything depends on the payment date (not the pay period). If the payment date is set as 30 Jun, the pay will be included in this FY totals and tax tables for this FY apply. If the payment date is 3 July, the pay will be included in next FY totals and tax tables for next FY apply. Same applies to Super Guarantee rate etc.
Regards
Gavin
does it make perhaps a big budgetary /accoutns difference?
